Tech Mahindra has executed a Joint Venture (JV) Agreement with Sumitomo Corporation, Japan to set up a JV company to provide Engineering Services to the automotive sector. The proposed Joint Venture shall have two shareholders with each holding a 50% stake.
JV entity will provide Engineering Services to Customers--situated predominantly in Japan as per the terms of the JV Agreement. The incorporation of the JV is subject to approval from applicable Competition Authority. Both the JV partners shall have the right to nominate 2 Directors each. Both the JV partners shall have the right to nominate 2 Directors each. JV partners will have right to approve changes in capital structure.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
Company Name | CMP |
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TCS | 3827.45 |
Infosys | 1411.60 |
HCL Tech. | 1450.00 |
Wipro | 452.85 |
Tech Mahindra | 1193.75 |
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